No, I don't think it was ethically right for Lay to tell his employees to buy the stock. Especially if he was selling at the time (which I don't believe is fully true). However, if Lay told his employees to jump off a bridge, and they did, would he be his fault?
Geez, these are adults. Many probably smarter then Lay. They aren't babies and shouldn't be looked at as mindless sheep.
From what I understand many brokerage houses were telling their customers to also buy Enron stock. Should the brokerages houses be held accountable too?
No one can know for certain when to buy, or not buy, an individual stock. Maybe Lay was right, and Dynergy backing out at the last minute nailed their coffin?
Who knows, but mommy government shouldn't treat these people as ignorant children.
As I've said before, I refuse to feel sorry for people who've lost hundreds of thousands of dollars due to their own decisions. It was their money, their stock, and their decision to make.
Take responsibility or move back home and live with mommy and daddy. |
